ACC 541 Week 2 DQ1

ACC 541 Week 2 DQ1Please post your response to the following:MVP Corp uses LIFO to value its inventory.The 2008 inventory records disclose the following:Beginning Inventory:UnitsUnit CostFirst layer10,000$15Second layer22,00018Purchases250,00020At December 26, 2008, the company had a special, nonrecurring opportunity to purchase 40,000 units at $17 per unit. The purchase can be made and the units delivered on December 30, or it can be delayed until the first week of January 2009. The company plans to make the purchase, due to the obvious cost savings involved. Sa